In today’s complex business and financial environment that has witnessed several companies, including some of the most trusted names in the business, compromise on integrity and getting caught under the net for fudged accounts, with the intent to siphon off money and evade even the best scrutiny, it is increasingly important for investors and buyers to insist on a thorough due diligence before making the final move.

The government’s recently launched “Startup India” campaign is all set to fuel the startup revolution in the country. In order to take the campaign a step further and put things into action, Green House Ventures (GHV) Accelerator has announced to take star performing startups from India to the Asia Leader’s Summit (ASL) 2016, a two day Startup Event to be held in Bali.

Up until now, your idea was yours and a bunch of others. You have been able to convince some people about your vision, and they have believed in you, put in their money or given their services to building the foundation for your dream. Some may have even bought or tried your product. The world seems like an ocean of opportunities, and you are all geared up to push through. Early adopters have enthusiastically raised hopes and the product seems to have a bright future. So far, so good.

Be on a lookout for alarming and warning signals, so you can take corrective measures before it is too late

Your idea seems revolutionary and could do wonders when launched in the market. It ‘feels’ like the answer to everyone’s problems. This gut feeling is the basis of your new venture, but before you delve further, wouldn’t it be a wise idea to sit back and support your instinct with valuable data.

Making a decision about selecting the right co-founder for your startup is more than often equated to choosing a life partner. This is because you will spend innumerable hours with the person while ideating, debating, strategizing, disagreeing and eventually succeeding in your venture. Therefore, picking your co-founder wisely is the most important decision for the founder of any startup.

We all are aware of this old African proverb, “If you want to go fast, go alone. If you want to go far, go together.”

While this holds true for our personal lives, it has its own significance for startups as well. There is enough data and surveys done that support how working with a good founding team improves a startup’s chances to succeed.